The benchmark price of natural gas in Europe more than doubled in ten trading days this month, jumping 27 percent on 15 June alone.
Tag: june 20 2023
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TOP TREND 2022, DRAGFLATION: ECB RAISES INTEREST RATE, SEES HIGHER INFLATION AHEAD
On 15 June, as economists expected, the European Central Bank raised its deposit rate by a quarter point to 3.5 percent, its highest in two decades.
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TOP TREND 2023, GOING GREEN, LIKE IT OR NOT: OIL DEMAND WILL STAGNATE IN NEXT FIVE YEARS, IEA PREDICTS
Over the next five years, global demand for oil will virtually stop growing, the International Energy Agency (IEA) has predicted, as electric vehicles (EVs), biofuels, and energy efficiency permeate the energy economy.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
As equity markets rise and with the “good news” that inflation is falling, on the employment front, the firing binge continues…
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ABORTION SUPPORT HITS RECORD HIGH IN THE U.S.
More Americans support a woman's right to choose than ever before, with 69 percent saying they agree that abortion “should generally be legal in the first three months of pregnancy,” according to a newly released Gallup poll.
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ONCE AGAIN, TRADES BY FED’S BOSTIC BREAK THE RULES
A money manager acting on behalf of Rafael Bostic, president of the Federal Reserve Bank of Atlanta, bought and sold shares in 19 exchange-traded funds on May 2 this year, a date that fell within the Fed’s “blackout period” during which Fed officials are forbidden to make trades.
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BANKS WILL STRUGGLE FOR YEARS
Small and regional U.S. banks have survived the collapse of Signature and Silicon Valley banks and their stock values have largely stabilized—only to face a future of tighter regulations, lower stock values, and demands from depositors for higher interest rates, Wall Street Journal analyst James Mackintosh wrote in a 14 June essay.
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THE “GREAT RESIGNATION” IS OVER, ECONOMISTS SAY
During the COVID War in 2021, 47.7 million people quit their jobs, according to the U.S. Bureau of Labor Statistics, the most since the bureau began tracking the number in 2001.
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AGAIN IN MAY, CONSUMERS SPENT MORE TO BUY LESS
U.S. consumers spent 0.3 percent more on retail purchases in May than in April, the U.S. commerce department reported, besting economists’ expectations of a 0.2-percent decline.
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U.S. NATIONAL DEBT REACHES $32 TRILLION
The U.S. national debt reached a record $32 trillion after Congress agreed to lift the debt ceiling once again after a months-long standoff over spending cuts.